Melkior Continues West Timmins Drilling

Ottawa, Ontario, January 11, 2010 – Melkior Resources Inc. (TSX Venture: MKR) (“Melkior” or the “Company”) has released gold assay results for seven new holes (1959.5 metres) from its 10,000 metre ongoing diamond drill program on its 100% owned West Timmins Carscallen gold project. The property covers 16.32 sq kilometres, is contiguous to Lake Shore Gold Corp. (TSX: LSG) on its eastern and southern boundaries and is located 5 kilometres due west of the new developing Timmins Mine. Nebu Resources Inc. adjoins the Melkior claims on the southwestern boundary.

Drilling will re-start on the Carscallen property on January 18 2010 with up to 8,000 metres planned for the next two phases. This program is intended to extend drilling to below the 500 metre level. To date gold has been traced by drilling for over 1000 metres of strike and consistently to a depth of 150 metres (and up to 225m in deeper holes) on the Zam-Zam, Shenkman, Mystery and 1010 zones.

The December drilling was concentrated specifically on the northern portion of the Zam-Zam zone with one hole (CAR23-09) drilled 450 metres to the south of the Shenkman. These holes continued to intersect gold in quartz pyrite veins. The gold-bearing zone near the surface consists of a single thick quartz pyrite vein (between 0.5 to 1m-thick). At depth, the zone is not confined to a single vein but rather consists of a series of thin quartz pyrite veins (< 5cm-thick) at a metre-scale interval. The total width of the altered envelope varies from 5 to 20 metres.

A second zone was intersected near the surface east of Zam-Zam and consists of quartz pyrite veins (see table for grade). The veins are a few cm thick and occur within a ~2 to 5m wide corridor. This zone is clearly distinct from the main Zam-Zam zone and occurs about 80 to 90m above it (east of it; i.e. uphole). The deeper holes continued to intersect this second gold-bearing zone, occurring closer to the main zone (about 30m from it; uphole). The point of intersection could provide greater widths at depth.

Hole CAR23-09 was drilled on the Shenkman zone to test its continuity at depth. It consists of pyrite stringers hosted in a Quart Feldspar Porphyry (QFP) intrusion. The QFP was intersected from 76-93 metres and contains two gold-bearing zones (see table). New zones were encountered above and under the QFP intrusion. They consist of 2-3cm thick quartz pyrite veins hosted in granite (see table). The continuity of these quartz pyrite vein systems in the QFP remain to be tested. The presence of gold in a wide QFP is considered highly promising for the emplacement of gold at greater depths.

Two shallow holes were drilled to improve 3D modeling.

The 8,000 metres planned for 2010 will continue to test Zam-Zam deeper and also to drill Shenkman, Mystery and 1010 to a target depth of more than 500 metres. The zone is still open North of Zam-Zam and at depth (also a potential if the main zone intersects with the secondary one).

Table of Results:

Hole:

From (m)

To (m)

Length (m)

Gold (g/t)

Zone

Total Depth (m)

CAR 21-09

39.00

41.00

128.00

131.15

137.75

143.10

149.90

39.60

41.60

128.85

132.00

138.40

143.90

150.90

0.60

0.60

0.85

0.85

0.65

0.80

1.00

2.1

2.07

4.01

3.3

1.58

1.2

4.98

New zone

New zone

Main zone

Main zone

Main zone

Main zone

Main zone

314.0

CAR 22-09

40.50

43.70

122.30

126.20

41.15

44.40

123.75

127.70

0.65

0.70

1.45

1.50

1.17

1.90

2.19

11.12

New zone

New zone

Main zone

Main zone

158.0

CAR 23-09

15.70

17.30

55.70

76.25

85.80

135.30

16.40

17.80

56.55

77.50

86.30

135.85

0.70

0.50

0.85

1.25

0.50

0.55

2.82

1.92

1.045

3.41

1.19

2.46

New zone

New zone

QFP zone

QFP zone

New zone

149.0

CAR 24-09

275.65

290.00

295.80

276.35

291.40

296.50

0.70

1.40

0.70

1.425

2.52

3.37

New zone

Main zone

Main zone

356.0

CAR 25-09

175.55

176.20

0.65

0.349

362.0

CAR 26-09

233.45

234.65

1.20

8.725

290.0

CAR 27-09

238.50

269.70

271.25

274.30

239.50

270.20

271.90

274.80

1.00

0.50

0.65

0.50

4.70

2.24

1.005

2.32

New zone

Main zone

Main zone

Main zone

330.50

Induced Polarization (IP) surveys have detected new structures on the property that will be drilled in an exploratory fashion. These new zones present southward extensions of the Mystery Zone. IP anomalies have also been encountered toward the southwest boundary of the property. More IP surveying is underway.

Melkior is placing a high priority on drilling its West Timmins Carscallen gold property located in the centre of what is becoming a new gold mining district in West Timmins where there is superb infrastructure and a 100 year history of gold production. Melkior is highly encouraged by the consistency of encountering gold as drilling proceeds deeper.

Gold assays were performed at ALS CHEMEX Laboratories in Timmins, Ontario. The processed samples were submitted to a standard Fire Assay with AA technique (Au-AA-23).

This Press Release was prepared by Jens E. Hansen, P.Eng, President of Melkior Resources Inc. The drill program, core logging and sections selected for assays were done by Eric Hébert, PhD, P.Geo. Mr. Hébert is employed by the consulting company GeoVector Management Inc. Both individuals are Qualified Persons under National Instrument 43-101.

Investors are invited to visit the Melkior IR Hub at http://agoracom.com/ir/Melkior where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence toMKR@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

About Melkior:

Melkior is a junior exploration company with active exploration projects in West Timmins and the Mc Faulds “Ring of Fire” areas of Ontario. Melkior also holds a 49% interest in the Delta Kenty nickel-copper-platinum-palladium deposit in Ungava and has several other gold properties in Ontario and Quebec.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Melkior’s periodic reports including the annual report or in the filings made by Melkior from time to time with securities regulatory authorities.